Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
123 hedge funds and large institutions have $587M invested in Janus Henderson Small/Mid Cap Growth Alpha ETF in 2025 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 31 reducing their positions, and 8 closing their positions.
266% more capital inflows, than outflows
Capital inflows: $135M | Capital outflows: $36.8M
200% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 8
65% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 31
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
15% more funds holding
Funds holding: 107 → 123 (+16)
5.33% more ownership
Funds ownership: 72.44% → 77.78% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Flaharty Asset Management
Clearwater,
Florida
|
+$6.87M |
| 2 |
&Partners
Nashville,
Tennessee
|
+$6.41M |
| 3 |
EWS
Evergreen Wealth Solutions
Williamsport,
Pennsylvania
|
+$5.45M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$4.66M |
| 5 |
SFS
Symphony Financial Services
Akron,
Ohio
|
+$3.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.2M |
| 2 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$6.79M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.61M |
| 4 |
MC
McCarthy & Cox
Marysville,
Ohio
|
-$5.55M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.38M |
JSMD Hedge Fund Activity: Q4 2025 in Review
123 of the 8,288 institutional investors tracked by Wall St. Rank reported a position in Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) for Q4 2025, worth a combined $587M — up 17% from $502M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new JSMD positions and 8 closed out — a net gain of 16 holders — while 51 added to existing stakes and 31 trimmed.
The largest buyer was Flaharty Asset Management, opening a new position worth an estimated $6.87M. The largest seller was Morgan Stanley, cutting an estimated $7.2M.
- 123 institutional investors held Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) as of Q4 2025, up from 107 in Q3 2025.
- Funds reported $587M of Janus Henderson Small/Mid Cap Growth Alpha ETF stock for Q4 2025, up 17% quarter-over-quarter.
- 24 funds opened new Janus Henderson Small/Mid Cap Growth Alpha ETF positions in Q4 2025 and 8 closed out, a net change of +16 holders.
- The largest Janus Henderson Small/Mid Cap Growth Alpha ETF buyer in Q4 2025 was Flaharty Asset Management, an estimated $6.87M added.
- The largest Janus Henderson Small/Mid Cap Growth Alpha ETF seller in Q4 2025 was Morgan Stanley, an estimated $7.2M sold.
Based on aggregated 13F filings for Q4 2025.